Oslo, 9 January 2026: Yara, the world-leading crop nutrition and ammonia company, is driving a fit-for-future business model to seize global opportunities and deliver solutions to global challenges. At its Capital Markets Day 2026, Yara presents its core strategic priorities to drive returns and deliver sustainable growth - today and in the years ahead. 

Key Highlights

• Yara targets over USD 600 million in free cash flow¹ expansion from 2024 to 2030, with more than USD 250 million already delivered, and an additional USD 350 million targeted by 203
• Optimizing global assets to boost capital productivity through portfolio optimization and strict capital reallocation
• Premium product portfolio underpinning resilient earnings, farmer profitability and sustainability through improved nutrient use efficiency and reduced environmental impact
• Reaffirming its capital allocation policy, committed to increase shareholder returns and consistent distributions, with cyclical upside
• Advancing low-cost, low-emission ammonia growth, including a potential US investment in partnership with Air Products with strong scale benefits and optimal EBIT² profile to drive strong returns

"Yara operates where the world's biggest challenges meet the biggest opportunities. The need to feed a growing population, improve land use efficiency, and cutting emissions are influencing regulations, investment flows and customer demand. As an early mover in prioritized areas, Yara is uniquely positioned to capitalize on these opportunities and create long-term value for shareholders, customers, employees and society at large. With a proven business model delivering strong shareholder returns through scale, operational efficiency, energy flexibility, and knowledge margin, Yara is positioned for sustained value creation," says President & CEO of Yara International ASA, Svein Tore Holsether. 

Yara remains committed to delivering long-term value through sustained cash flow growth and disciplined resource allocation - supported by active portfolio management and strict capital prioritization. With its resilient, future-ready business model, Yara is positioned to generate strong shareholder returns today and in the future.

Yara reaffirms its capital allocation policy, targeting a BBB/Baa2 credit rating, net debt/EBITDA³ of 1.5-2.0, and net debt/equity³ below 0.60. The company will maintain strict capital discipline, prioritizing US ammonia development subject to final investment decision. The planned USD 2 billion US investment fits within Yara's average annual capex level of approximately USD 1.2 billion (real) throughout the cycle, supporting strong free cash flow, a solid balance sheet, and shareholder distributions in line with policy also during an investment period.

Yara hosts its Capital Markets Day in Oslo today, starting 09:00 CET. 
The webcast and presentation are available at https://www.yara.com/investor-relations/cmd-2026/ 

1) Net cash provided by operating activities minus net cash used in investment activities as presented in the consolidated statement of cash flows
2) Earnings Before Interest and Taxes
3) For definition and reconciliation see APM section in the 3Q 2025 report, pages 22-29

Contact
Maria Gabrielsen, Investor Relations
M: +47 920 900 93
E: maria.gabrielsen@yara.com

Tonje Næss, Media Relations
M: +47 408 44 647
E: tonje.nass@yara.com

About Yara

Yara's mission is to responsibly feed the world and protect the planet. We pursue a strategy of sustainable value growth through reducing emissions from crop nutrition production and developing low-emission energy solutions. Yara's ambition is focused on growing a nature-positive food future that creates value for our customers, shareholders and society at large and delivers a more sustainable food value chain.

To drive the green shift in fertilizer production, shipping, and other energy intensive industries, Yara will produce ammonia with significantly lower emissions. We provide digital tools for precision farming and work closely with partners at all levels of the food value chain to share knowledge and promote more efficient and sustainable solutions.

Founded in 1905 to solve the emerging famine in Europe, Yara has established a unique position as the industry's only global crop nutrition company. With 17,000 employees and operations in more than 60 countries, sustainability is an integral part of our business model. In 2024, Yara reported revenues of USD 13.9 billion.

www.yara.com